Dec 22, 2012 10:00am PST
you some of the figures. large cities produce 83% of economic output in the united states. the 30 largest cities in the u.s. account for half of all gdp. now, we're all in favor of good infrastructure until it comes time to pay for it. you say that some money can come from the private sector, but we've had some high-profile examples of public/private partnerships that have gone wrong. how do city governments make sure that city residents get what they pay for? >> i don't think there's any simple answer to this. and by the way, one reason when he we might want a national infrastructure bank is not for the money but just to provide oversight and ombudsman so that you have somebody to go to when off project or regulator, an interlocutor perhaps. we should definitely allow private money. there is an additional problem, and richard probably knows more about this, about so-called eminent domain, where you can't just clear things out. in china, they used to at least just knock on your door and say you're moving, we're building here a road here. you have to move out of your parm tomorrow.
Dec 23, 2012 12:00pm PST
and that cities are key to the economy. large cities produce 83% of economic output in the united states. the 30 largest cities in the u.s. account for half of all gdp. we're all in favor of good infrastructure until it comes time to pay for it. you say that some money can come from the private sector, we've had high-profile examples of public-private partnerships that have gone wrong. how do city governments make sure that city residents get what they pay for? >> i don't think there's any simple answer to this. one reason we might want a national infrastructure bank is not for the money, but to provide oversight, you have somebody to go to when you have a project, a regulator. an interlocutor. we should alloy private money. there's an additional problem. about so-called eminent domain. you can't just clear things out in china they used to at least just knock on your door and say you're moving. we're building a road here. you got to move out of your apartment tomorrow. we can't do that. it makes it trickier in our older cities to rebuild in the way they did in china. >> it's an interesting analo
Dec 11, 2012 1:00pm EST
medallions are required to operate cabs in many large cities including new york. they were first issued in the big apple during the great depression. >> back in 1937, this little piece of tin sold for $10 each. >> his grandfather bought one of the first badges and medallion financial was born. the company has seen quite a return on that first investment and on hundreds more medallions it bought since then. back in the late '70s when the checker cabs were cruising the streets of new york city, a taxi medallion would set you back less than $100,000. now this piece of metal on the front of your cab will set you back more than a million bugs. >> i don't think we ever thought it would hit a million dollar price. they have gone up 15% per year, 70 years. outperforming dow, gold, nasdaq, real estate. you name it. >> analysts marvel at the company's track record. unlike most banks, medal i don't know never had default on taxi loan. >> real estate lending someone defaults it is years before banks get money back. it is terrific collateral. the medallion is the little tin. if somebody doesn't pay
Dec 11, 2012 12:00am PST
't right you know? in other words, we've earned the right by and large g.e.'s relationship in china is good. we've been a good investor for a long time. we've taken a lot of heat here in new york city and washington, d.c. because we've stood tall as good, honest partner with the chinese. but what's also incumbent on you is when you've earned that position occasionally you have to speak up. and i did. >> rose: as you know, when you speak up about china people also say "look at general electric, this great american company. they're exporting jobs as well." >> we have jobs all over the world, right? so we are the second-biggest exporter behind boeing. we're a net exporter in every other country in the world. but we will sell more gas turbines -- we have a 50% market share of the large gas turbine market. we will sell more in algeria in the next three years than the united states. so what are we supposed to do? are we supposed to sit here and just say, oh, it's too hard? >> rose: and if you don't get the business somebody else will. >> somebody else is going to get it. we're down to the point a
Dec 14, 2012 2:00am PST
. >> eliot: as well we should. editor at large of the atlantic, steve clemons president of ploughshares fund, joe cirincione. seemingly they're right back where they started. what speakakakakakakakakakakakakakakakakakakakakakakakakakakakak nobody knows disasters like comedians. >> new york, the high-tech resilient city. just don't get us wet. what the hell was that? >> that's from my upcoming benefit for victims of hurricane sandy. i booked the strongest, smartest comics i could find. my comedian friends and i will raise money to rebuild homes and lives one laugh at a time. >> awe damn, the lights are out! you know what? i'll watch a little television until they come back on. >> only on current tv. >> eliot: on the 18 -- only 18 days remain until we go over the so-called fiscal cliff and with congress once again heading home after another grueling two-day work week, president obama met once again with speaker boehner. while the president keeps talking about revenues, speaker boehner focuses on expenditures and it is hard to tell if any progress is being made.
Dec 26, 2012 8:00am PST
time. stay alert. if you have any tornado watches or warnings for your city, seek shelter immediately because that risk is very real especially in this area shaded in red and outer banks of north carolina and isolated tornados, damaging wind gusts and large hail from some of the thunderstorms. blizzard warnsing are in effect. not just heavy snowfall, up to six inches across parts of the midwest. you factor in wind gusts over 40 miles per hour. in parts of indiana, illinois, and ohio. we have winter storm warnings in portions of pennsylvania, upstate new york and portions of new england. jamie, for parts of new york city looks like we'll get a coating throughout the evening rush. the heavy snowfall will stay further to the west. jamie: maria molina will be pretty busy today. thank you, maria. of course these tornados i was mentioning are pretty rare occurrence in winter. but they do happen and can often be deadly. in fact over last three years 21 people have been killed by tornados this time of year. average of 34 tornados spring up in the month of december. the last time a tornado str
Dec 14, 2012 10:30pm EST
things in america work. l'enfant, who designed washington's city, there was competition. he submitted the designs for a polis. americans were not having a palace. it was not particularly awe inspiring. in 1821, a european diplomat said it was neither large nor awe inspiring but the answer the congressman dave said the building served its purpose. if it were larger and more elegant, perhaps some president would be inclined to become its permanent resident. >> the key -- vicky goldberg has gathered a few of her paper white house totals. watch sunday evening at 7:30 eastern and pacific on american history tv. >> bankamerica ceo brian monahan said the government, lenders and borrowers have to reset their expectations on home ownership. he called for fannie mae, freddie mac and the federal health administration to return to the primary focus on helping low and moderate income homebuyers. he spoke at a brookings institution and bent on future of home ownership. this is just under an hour. >> good morning. i'm vice president and co- director of the economic study program at brookings, i'm pl